TotalEnergies buys stake in Chevron US exploration blocks
TotalEnergies has acquired a 25% stake in several Chevron-operated offshore...
TotalEnergies has acquired a 25% stake in several Chevron-operated offshore oil and gas exploration areas in the US, expanding its presence in US waters. The deal builds on existing partnerships, including projects such as Ballymore and Tahiti, and provides access to potential future discovery sites.
Oil prices volatile as Israel, Iran conflict escalates
Oil prices have experienced volatility as the conflict between Israel...
Oil prices have experienced volatility as the conflict between Israel and Iran escalates, with Brent and West Texas Intermediate crude jumping over $4 per barrel before trimming gains on Monday, following a 7% increase on Friday. Concerns are rising about potential disruptions to the Strait of Hormuz if the conflict continues to intensify.
Iran reportedly wants to restart US nuclear talks as Israeli strikes continue
On Sunday, Iran canceled scheduled nuclear talks with the US, but yesterday,...
On Sunday, Iran canceled scheduled nuclear talks with the US, but yesterday, news outlets reported that it was signaling a willingness to resume them and asking allies to urge President Trump to press Israel for a ceasefire. Meanwhile, Israel and Iran continued to trade missile strikes, with one Israeli attack hitting Iran’s state broadcaster while it was live on air. As Israeli attacks on Iran intensified, Trump posted on social media that Tehran should be immediately evacuated. Trump left the G7 Summit a day earlier than planned in order to address the situation.
Minnesota shooting suspect planned to target two more lawmakers,...
Minnesota shooting suspect planned to target two more lawmakers, prosecutors say. Prosecutors revealed more details about actions they believe were taken by Vance Boelter, the man accused of killing one Minnesota lawmaker along with her husband and injuring another politician and his wife, as they brought federal charges of murder and stalking (he’s already facing state charges). They allege Boelter visited the homes of two more state legislators the night of the shooting with plans to target them as well, but one was on vacation, and he fled after police arrived at the home of the other. Boelter, who was found by police Sunday after a manhunt, is being held without bail until a court appearance next week.
President Trump and UK Prime Minister Keir Starmer said yesterday that they’re signing a trade deal to lower tariffs—but the deal does not include steel, a key part of trade between the two countries.
Kering, the French fashion house that owns Gucci, has reportedly tapped Luca de Meo, who was previously selling cars (rather than handbags that cost as much as cars) as the CEO of Renault, to be its new chief executive.
President Trump ordered ICE to expand efforts to deport undocumented immigrants in cities including Los Angeles, Chicago, and New York, which he described along with other cities as the “core of the Democrat Power Center.”
OpenAI scored a $200 million contract to provide the Defense Department with AI tools. It’s also reportedly mulled accusing Microsoft, a major investor, of engaging in anticompetitive behavior.
The Senate released details of its version of the Republican tax megabill, but the SALT deduction may still be up for debate.
ADNOC, Carlyle Offer $18.8B for Australia's Santos Ltd.
Santos Ltd. has received a non-binding proposal from a consortium of...
Santos Ltd. has received a non-binding proposal from a consortium of buyers valuing the Australian oil and natural gas producer at $18.78 billion, the company said in a June 15 press release.
The XRG Consortium—led by Abu Dhabi National Oil Co. (ADNOC), which includes subsidiary Abu Dhabi Development Holding Co. and Carlyle—offered Santos $5.76 (AUD$8.89) per share— a 28% premium over the company’s June 13 closing price.
The company said the offer is the third made by a consortium for Santos, but the first made public. Santos' operations include oil, natural gas, and LNG projects in Australia and the Pikka Phase 1 oil project on the North Slope in Alaska.
Santos said it received the offer on June 13 and described the proposal as a “final non-binding indicative offer” that followed two confidential offers in March: the first for $5.04 per share; the second for $8.60 per share.
